Armenia (ARM) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Armenia-Australia Trade: In 2022, Armenia exported $2.39M to Australia. The main products that Armenia exported to Australia were Non-Knit Women's Coats ($1.11M), Non-Knit Men's Coats ($524k), and Non-Knit Women's Suits ($112k). Over the past 5 years the exports of Armenia to Australia have increased at an annualized rate of 31.3%, from $614k in 2017 to $2.39M in 2022.

In 2022, Armenia did not export any services to Australia.

Australia-Armenia Trade: In 2022, Australia exported $5.67M to Armenia. The main products that Australia exported to Armenia were Uncoated Paper ($754k), Other Nuts ($709k), and Butter ($676k). Over the past 5 years the exports of Australia to Armenia have increased at an annualized rate of 3.47%, from $4.78M in 2017 to $5.67M in 2022.

In 2022, Australia did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $2.39M to Australia. The main products exported from Armenia to Australia were Non-Knit Women's Coats ($1.11M), Non-Knit Men's Coats ($524k), and Non-Knit Women's Suits ($112k). During the last 5 years the exports of Armenia to Australia have increased at an annualized rate of 31.3%, from $614k in 2017 to $2.39M in 2022.

In 2017, Australia exported $5.67M to Armenia. The main products exported from Australia to Armenia were Uncoated Paper ($754k), Other Nuts ($709k), and Butter ($676k). During the last 5 years the exports of Australia to Armenia have increased at an annualized rate of 3.47%, from $4.78M in 2022 to $5.67M in 2017.

Exports from Armenia () to Australia () (2022)

Exports from Australia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Australia ()

Armenia Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Australia
Top DestinationChina$123B

This map shows whether countries import more from Armenia or Australia. Each country is colored based on the difference in imports they receive from Armenia and Australia or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Australia included Russia ($2.36B), Georgia ($260M), and Bulgaria ($210M).

In 2022, countries that imported more from Australia than Armenia included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and Armenia () (2022)

Comparative Advantage Armenia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Australia by product, considering products traded by both, Armenia and Australia.

During 2022, Armenia had a large net trade with Australia in the exports of Textiles ($1.85M), Foodstuffs ($243k), and Precious Metals ($87.3k).

During 2017, Australia had a large net trade with Armenia in the exports of Instruments ($1.04M), Machines ($1.02M), and Paper Goods ($764k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Australia+$655kNon-Knit Women's Coats

Top Product Potential Australia Armenia+$281kOrthopedic Appliances

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Australia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Australia () (2022)

Exports from Australia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Australia ()

Armenia Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Armenia () (2022)

Comparative Advantage Armenia - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Australia () (2022)

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